Insider Buying: Matador Resources (NYSE:MTDR) EVP Acquires 1,750 Shares of Stock

Matador Resources (NYSE:MTDR) EVP Bryan A. Erman acquired 1,750 shares of the stock in a transaction dated Friday, June 14th. The stock was bought at an average cost of $55.90 per share, with a total value of $97,825.00. Following the completion of the purchase, the executive vice president now directly owns 1,750 shares in the company, valued at $97,825. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Matador Resources Stock Up 0.6 %

Shares of MTDR traded up $0.33 during midday trading on Monday, reaching $56.19. 1,212,580 shares of the company were exchanged, compared to its average volume of 1,380,972. The stock has a 50-day moving average price of $63.01 and a 200-day moving average price of $60.55. Matador Resources has a 1-year low of $47.76 and a 1-year high of $71.08. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.43. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 7.68 and a beta of 3.31.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, April 23rd. The energy company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.32. Matador Resources had a return on equity of 20.62% and a net margin of 28.89%. The business had revenue of $787.70 million for the quarter, compared to analyst estimates of $740.99 million. During the same period in the prior year, the company posted $1.50 EPS. The business’s revenue was up 40.6% compared to the same quarter last year. Research analysts expect that Matador Resources will post 7.53 earnings per share for the current year.

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Thursday, May 16th. Matador Resources’s dividend payout ratio is presently 10.96%.

Institutional Trading of Matador Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in MTDR. Algert Global LLC lifted its holdings in Matador Resources by 1,500.9% in the 3rd quarter. Algert Global LLC now owns 71,240 shares of the energy company’s stock worth $4,237,000 after purchasing an additional 66,790 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Matador Resources by 32.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 23,221 shares of the energy company’s stock worth $1,320,000 after acquiring an additional 5,747 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in shares of Matador Resources by 31.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 92,100 shares of the energy company’s stock valued at $5,237,000 after buying an additional 21,924 shares in the last quarter. TFO Wealth Partners LLC lifted its holdings in Matador Resources by 310,920.0% during the 4th quarter. TFO Wealth Partners LLC now owns 15,551 shares of the energy company’s stock worth $884,000 after buying an additional 15,546 shares in the last quarter. Finally, Burford Brothers Inc. acquired a new stake in shares of Matador Resources during the 4th quarter worth approximately $1,535,000. 91.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MTDR has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Matador Resources from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Mizuho upped their target price on Matador Resources from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday. Wells Fargo & Company lifted their target price on shares of Matador Resources from $76.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. TD Cowen boosted their price target on shares of Matador Resources from $64.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 price target on shares of Matador Resources in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Matador Resources has a consensus rating of “Moderate Buy” and a consensus price target of $75.40.

About Matador Resources

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.